# PPP loan: HEART CITY AUTOMOTIVE INC.
> **$383K** approved 04/10/2020 · Paid in Full · Loan `2246377108`
## Borrower
- **Name:** HEART CITY AUTOMOTIVE INC.
- **Address:** 711 North Nappanee Street 0.0, Elkhart, IN, 46514-9480
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $383K
- **Initial approval:** $383K
- **Forgiven:** $388K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $330K
- **Rent:** $50K
- **Mortgage interest:** $4K
- **Jobs reported:** 38
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*